Post 9/11, air travel industry in the U.S. economy saw an increase in demand, which led to a sharp rise in employment opportunities
Indicate whether the statement is true or false
false
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Government intervention in agriculture began in the United States in the 1890s
Indicate whether the statement is true or false
Economies of scale are also known as
a. Increasing returns to scale b. Decreasing returns to scale c. Constant returns to scale d. None of the above
Policy should create an environment in which the economy can expand its productive capacity rapidly, because that is the ultimate source of higher living standards. This task is the realm of
a. growth policy. b. stabilization policy. c. labor policy. d. inflation policy.
If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.